An NBC reporter for a Miami affiliate, Willard Shepard, did an in-depth interview with two Executive Life (ELNY) annuitants, or shortfall payees that aired in South Florida on May 15th. The investigative interview can be viewed online along with the companion article. The interview highlights the many issues facing those annuitants whose benefits will […]
LifeHealthPro has reported that the Executive Life (ELNY) liquidation is expected to be implemented in the third quarter of this year, and could be as early as August. The article did not specify an effective date for the payment reductions, so those annuitants expecting cuts are still in the dark. The looming cuts will cause […]
https://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg00ginnyhttps://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpgginny2013-05-14 17:17:112013-07-01 19:51:24Executive Life (ELNY) Cuts to Begin in 3Q
Despite our best efforts, the New York Court of Appeals denied our motion for leave to appeal the Appellate Division decision and will not hear our case on the merits. We expect that the Restructuring Plan will be signed shortly and benefit reductions will start soon after that. As difficult as it may be to […]
2013 Annual NASP Conference Eddie Stone will be speaking at the 2013 Annual NASP Conference being held in Las Vegas from November 5-8, 2013. Conference registration began on April 15, 2013. More information on the conference is available here.
A federal court in Dallas, Texas has certified a class action on behalf of Verizon pension beneficiaries, permitting 41,000 retirees to sue as a group over the transfer of their pension benefits to Prudential Insurance Company of America.
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Edward Stone testified at a public hearing in support of HB 6148 before the Connecticut Labor and Public Employees Committee . The proposed legislation seeks protections for retirees in pension de-risking transactions.
https://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg00ginnyhttps://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpgginny2013-02-26 22:43:132013-05-17 18:47:12Stone Testifies at Hearing on Pension De-risking
The February 18, 2013 edition of the Insurance Advocate, an insurance industry publication serving New York, New Jersey, Connecticut, Pennsylvania and Washington, D.C. ran a column by Peter Bickford entitled “Ongoing ELNY Debacle Exposes Serious Problems”, with a Guest Opinion “ELNY Decision Unjust to Victims” by Edward S. Stone, Esq. In his Foreward to that […]
Verizon Retirees Sue to Block Pension-Risk Transfer – Verizon’s transfer of its pension obligations to 41,000 retirees to Prudential stripped the retirees of the protections afforded them under ERISA and the Pension Benefit Guaranty Corporation (PBGC).
NBC’s Willard Shepard Interviews ELNY Shortfall Payees
An NBC reporter for a Miami affiliate, Willard Shepard, did an in-depth interview with two Executive Life (ELNY) annuitants, or shortfall payees that aired in South Florida on May 15th. The investigative interview can be viewed online along with the companion article. The interview highlights the many issues facing those annuitants whose benefits will […]
Executive Life (ELNY) Cuts to Begin in 3Q
LifeHealthPro has reported that the Executive Life (ELNY) liquidation is expected to be implemented in the third quarter of this year, and could be as early as August. The article did not specify an effective date for the payment reductions, so those annuitants expecting cuts are still in the dark. The looming cuts will cause […]
ELNY – Leave to Appeal Denied
Despite our best efforts, the New York Court of Appeals denied our motion for leave to appeal the Appellate Division decision and will not hear our case on the merits. We expect that the Restructuring Plan will be signed shortly and benefit reductions will start soon after that. As difficult as it may be to […]
2013 Annual NASP Conference
2013 Annual NASP Conference Eddie Stone will be speaking at the 2013 Annual NASP Conference being held in Las Vegas from November 5-8, 2013. Conference registration began on April 15, 2013. More information on the conference is available here.
Class Action Suit in pension de-risking transfer
A federal court in Dallas, Texas has certified a class action on behalf of Verizon pension beneficiaries, permitting 41,000 retirees to sue as a group over the transfer of their pension benefits to Prudential Insurance Company of America.
Stone Testifies at Hearing on Pension De-risking
Edward Stone testified at a public hearing in support of HB 6148 before the Connecticut Labor and Public Employees Committee . The proposed legislation seeks protections for retirees in pension de-risking transactions.
Ongoing ELNY Debacle
The February 18, 2013 edition of the Insurance Advocate, an insurance industry publication serving New York, New Jersey, Connecticut, Pennsylvania and Washington, D.C. ran a column by Peter Bickford entitled “Ongoing ELNY Debacle Exposes Serious Problems”, with a Guest Opinion “ELNY Decision Unjust to Victims” by Edward S. Stone, Esq. In his Foreward to that […]
Pension De-Risking
Verizon Retirees Sue to Block Pension-Risk Transfer – Verizon’s transfer of its pension obligations to 41,000 retirees to Prudential stripped the retirees of the protections afforded them under ERISA and the Pension Benefit Guaranty Corporation (PBGC).
IP Monetization
IP Monetization 2012: Maximize the Value of Your IP Assets, Practicing Law Institute. Intellectual property meets litigation finance.